Post
Topic
Board Economics
Re: "...all of the bitcoin in the world for $25"
by
eaLiTy
on 07/05/2022, 22:27:47 UTC
Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.
This is not the first time Warren Buffet is talking about the cryptocurrency space in a negative shade and this wont be the last, he is trying his best for a while and still the price keeps on climbing. There is one aspect i accept, the price cannot go up all the time and if he is not interested in purchasing BTCitcoin that is his choice and that too coming from someone who made money speculating in the stock market makes me laugh Cheesy.